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Advisers need new approach to retirement portfolios


However, many retirees favoured cash because they wanted the peace-of-mind that protection and return certainty offered but the downside in the current environment was minuscule returns.  
“With interest rates at unprecedented lows, and unlikely to head substantially higher anytime soon, retirees need the defensive component of their portfolio to work harder for them,” Rady said. 
“They need to ask: how can I get a better return than I’m currently getting from my term deposits or cash, while ensuring there is still sufficient downside protection for my retirement savings? We believe protected retirement strategies that are backed by a life company are part of the answer.”  ....

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